Walgreens’ CEO Roz Brewer Steps Down Abruptly – C-Suite Transitions
Welcome to edition 57 of C-Suite Transitions, a weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.
Sudden Departures
- INFI: Chief Executive Officer Adelene Perkins and Chief Medical Officer Robert Ilaria were terminated without cause by Infinity Pharmaceutical effective September 1, 2023.
- UPLD: Chief Legal Officer Kin Gill resigned from his position effective September 30, 2023.
- HRT: Chief Technology Officer Conal Thompson resigned from HireRight effective September 8, 2023.
Key Insights
- The CEO and CFO of Walgreens Boots Alliance (WBA) both unexpectedly stepped down within a few weeks of each other.
- Walgreens reduced its full-year earnings outlook and the stock currently trades at a two-decade low.
- Deere & Co. (DE) is set to replace Walgreens Boots Alliance Inc. (WBA) in the S&P 100.
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